Question

The fiscal crisis faced by the Indian
economy in 1990s was caused primarily by
/ नव्वदच्या दशकात भारतीय अर्थव्यवस्थेसमोरील
आर्थिक संकट प्रामुख्याने कारणीभूत ठरले
a. Widening gap between imports and
exports / आयात आणि निर्यात यांच्यातील
दरी वाढवणे
b. Widening gap between government
expenditure and revenue / सरकारी खर्च
आणि महसूल यांच्यातील दरी वाढवणे
c. Difference between aggregate
demand and aggregate supply /
एकूण मागणी आणि एकूण पुरवठा यांच्यातील
फरक
d. Difference between savings and
investments / बचत आणि गुंतवणूक
यांच्यातील फरक​

Answer 1

Answer:

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Answer 2

Answer:

Widening gap between imports and exports. (A)

Explanation:

• The Indian economic crisis of 1991 was India's economic crisis due to its balance of payments deficit due to over-reliance on imports and other external factors. India's economic problems began to worsen in 1985 as imports surged and the country ran into a double deficit. India's trade balance was in deficit at a time when the government was running huge budget deficits.
• The collapse of the Soviet bloc, where India traded the rupee, also caused problems. At the end of 1990, the bleak conditions leading up to the Gulf War meant that India's foreign exchange reserves could barely finance imports for her three weeks. Meanwhile, the government nearly failed to meet its financial promises. By July of this year, the shortage of reserves caused the rupee to depreciate/depreciate sharply, exacerbating the double deficit problem.

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